Question: answer all. will like & thumbs ul Riverbed Company lost most of its inventory in a fire in December just before the year-end physical inventory

answer all. will like & thumbs ul  answer all. will like & thumbs ul Riverbed Company lost most
of its inventory in a fire in December just before the year-end

Riverbed Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following. Inventory (beginning) Purchases Purchase returns $ 80.900 286,500 28,200 Sales revenue Sales returns Gross profit % based on net selling price $415,300 20.700 34 % Merchandise with a selling price of $30,300 remained undamaged after the fire, and damaged merchandise has a net realizable value of $7.300. The company does not carry fire insurance on its inventory Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Inventory fire loss $ Presented below is information related to Oriole Inc. Cost $246,500 839,868 60,000 17,800 Retail $389,900 1,486,600 79,300 Inventory, 12/31/20 Purchases Purchase returns Purchase discounts Gross sales revenue Sales returns Markups Markup cancellations Markdowns Markdown cancellations Freight-in Employee discounts granted Loss from breakage (normal) 1,388,700 96,300 118,300 40,200 44,600 20,000 41,600 7,800 5,000 Assuming that Oriole Inc. uses the conventional retail inventory method, compute the cost of its ending inventory at December 31, 2021. (Round ratios for computational purposes to decimal places, es 78% and final answer to decimal places, eg. 28,987.) Ending inventory using the conventional retail inventory method $

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